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Wai!! it is a blood bath, kcb, coop, equity down 9%
maka
#331 Posted : Wednesday, August 31, 2016 6:07:54 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
watesh wrote:
watesh wrote:
Haiya KCB have responded to CFC Stanbic to cap existing loans at 14.5%. CEO informed all customers to get in touch with the bank as soon as tomorrow to alter the rates
Full Press Release Statement



Some banks will be left alone in the cold...kila mtu anajitetea.
possunt quia posse videntur
streetwise
#332 Posted : Wednesday, August 31, 2016 6:10:22 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
And the plot keeps unfolding
Good for students of business studies. This can make one great project paper.

Any takers
Metch
#333 Posted : Wednesday, August 31, 2016 7:00:34 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
watesh wrote:
watesh wrote:
Haiya KCB have responded to CFC Stanbic to cap existing loans at 14.5%. CEO informed all customers to get in touch with the bank as soon as tomorrow to alter the rates
Full Press Release Statement



Barely 24hours ago some Wazuans said this was not possible. That banks will rush to court. well,the lion has spoken.
It's up to other banks to follow suit or lose customers
Start!
muandiwambeu
#334 Posted : Wednesday, August 31, 2016 7:01:24 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
watesh wrote:
watesh wrote:
Haiya KCB have responded to CFC Stanbic to cap existing loans at 14.5%. CEO informed all customers to get in touch with the bank as soon as tomorrow to alter the rates
Full Press Release Statement


this shall be a full anneal process followed by full sintering. believers will turn atheists and non believers Orthodox hardliners.
the managers of your wealth(bankers have surrendered to the fate and have not told you how they will make shareholder wealthy- argh, anyway the shareholder as a citizen will enjoy cheaper rates for borrowing from his wealth and those are benefits in kind) have seen a narrow shave for you though a bitter must swallow pill for u. siku ya nangwa kuzwaliwa lazwima izwaliwe bila kuchelewezwa. smile
,Behold, a sower went forth to sow;....
VituVingiSana
#335 Posted : Wednesday, August 31, 2016 9:31:45 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
All banks to reduce interest rates for all (new and existing) loans.
When? [KCB and CFC said 1st Sep]
Other fees?

http://kba.co.ke/media/l...ts-to-existing-customers
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#336 Posted : Wednesday, August 31, 2016 9:37:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Metch wrote:
watesh wrote:
watesh wrote:
Haiya KCB have responded to CFC Stanbic to cap existing loans at 14.5%. CEO informed all customers to get in touch with the bank as soon as tomorrow to alter the rates
Full Press Release Statement



Barely 24hours ago some Wazuans said this was not possible. That banks will rush to court. well,the lion has spoken.
It's up to other banks to follow suit or lose customers

Negotiation fee required to alter from old to new terms

KQ ABP 4.26
obiero
#337 Posted : Wednesday, August 31, 2016 9:39:16 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Metch wrote:
watesh wrote:
watesh wrote:
Haiya KCB have responded to CFC Stanbic to cap existing loans at 14.5%. CEO informed all customers to get in touch with the bank as soon as tomorrow to alter the rates
Full Press Release Statement



Barely 24hours ago some Wazuans said this was not possible. That banks will rush to court. well,the lion has spoken.
It's up to other banks to follow suit or lose customers

Negotiation fee required to alter from old to new terms

KQ ABP 4.26
wukan
#338 Posted : Wednesday, August 31, 2016 9:48:34 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,652
[quote=VituVingiSana]All banks to reduce interest rates for all (new and existing) loans.
When? [KCB and CFC said 1st Sep]
Other fees?

http://kba.co.ke/media/l...s-to-existing-customers[/quote]

If you attended an economics class, you know competition between providers of undifferentiated goods and services: prices will tend to drop to just above the lowest cost.(the bottom)

Welcome gents n ladies to the race to the bottom.

Higher cost providers will exit the market, leaving only the most efficient sellers dealing with the buyers. Survival of the fittest.

You want to risk your capital in the race to the bottom?
mlennyma
#339 Posted : Wednesday, August 31, 2016 10:01:56 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
wukan wrote:
[quote=VituVingiSana]All banks to reduce interest rates for all (new and existing) loans.
When? [KCB and CFC said 1st Sep]
Other fees?

http://kba.co.ke/media/l...s-to-existing-customers[/quote]

If you attended an economics class, you know competition between providers of undifferentiated goods and services: prices will tend to drop to just above the lowest cost.(the bottom)

Welcome gents n ladies to the race to the bottom.

Higher cost providers will exit the market, leaving only the most efficient sellers dealing with the buyers. Survival of the fittest.

You want to risk your capital in the race to the bottom?

member has remained mum and opted to be represented in blanket talks
"Don't let the fear of losing be greater than the excitement of winning."
streetwise
#340 Posted : Wednesday, August 31, 2016 10:12:40 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
My day is made. I said before the words needed to be existing and New loans. It looks like it took the speed of fibre to happen

Now the sells guys will be very busy. They get their full bonus in Q4
Ericsson
#341 Posted : Wednesday, August 31, 2016 11:10:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@VVS
memba still quiet concerning the new laws.
Seems their balls have squeezed.

For Centum part of the reason of the share price decline is
http://www.businessdaily...4464-40wa0uz/index.html

Inject additional money,get additional stake then face propects of share price decline.Bad bad investment in acquiring K-REP bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#342 Posted : Wednesday, August 31, 2016 11:22:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Ericsson wrote:
@VVS
memba still quiet concerning the new laws.
Seems their balls have squeezed.

For Centum part of the reason of the share price decline is
http://www.businessdaily...4464-40wa0uz/index.html

Inject additional money,get additional stake then face propects of share price decline.Bad bad investment in acquiring K-REP bank

For Centum, Sidian is a small part of their overall business/assets. I think Sidian will be fine but it will have to start targeting customers who can securitize their loans!

Nevertheless, it does hurt to put in 1.2bn and then wham!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
streetwise
#343 Posted : Thursday, September 01, 2016 8:34:31 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Member used to use the strategy of giving small loans at any interest. Now they need another idea , I am sure JM is on a retreat to rethink.
Horton
#344 Posted : Thursday, September 01, 2016 8:39:45 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Just read somewhere that exotix is recommending sell on alot of banks including KCB at current prices
Impunity
#345 Posted : Thursday, September 01, 2016 8:54:51 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Horton wrote:
Just read somewhere that exotix is recommending sell on alot of banks including KCB at current prices


Who is that?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

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